portfolio manager

Access to an Enhanced Level of Income Generation

The Portland Advantage Plus Funds use low cost leverage to enhance the power of dividends. The Portland Advantage Plus Funds focus on relatively higher yielding quality equity securities with a history of progressive dividend policies during normal market conditions.

how the funds are managed

To achieve the investment objectives, the Manager will employ the
following core techniques in respect of each Fund:

Focused investing in a limited number of long securities positions

Leverage by purchasing securities on margin

The securities positions of Everest Fund and McKinley Fund are expected to be similar but may not be identical due to continuous market fluctuations, the volume and processing time related to purchases and redemptions and administrative efficiencies.

At Portland Investment Counsel Inc., we seek to provide investment opportunities that to date have eluded individuals – until now.

ACCESS to PORTLAND HOLDINGS’ FAMILY OFFICE RESOURCES

As an investor in Portland Investment Counsel Inc.’s products, you will have access to the benefits of our family office resources, which means you will have the unique opportunity to invest in high quality offerings, alongside some of the world’s most successful institutions and affluent investors.

Access to low cost borrowing

Benefiting from the Portland family office’s financial strength and reputation, the Portland Advantage Plus Funds have access to attractive low cost of borrowing.

The Portland Advantage Plus Funds will utilize this low cost of borrowing to potentially enhance capital gains and income.

The Funds have different levels of leverage customized for risk appetite and tolerance.

fund codes

investment objective

Provide income.

Achieve an above average rate of return over the long term.

THE OFFERING

Each Portland Advantage Plus Fund offers units of Series A, Series F, Series N and Series O on a private placement basis in all jurisdictions across Canada under prospectus exemptions which currently include the accredited investor exemption and the $150,000 minimum purchase exemption for institutional investors.

While the Manager exercises prudence and due diligence throughout the investment process, no guarantees can be given to offset a risk of loss and investors should consult with their financial advisor prior to investing in the Fund.

The Manager believes the following risks are key to the Fund’s performance: leverage, interest rate changes, dividend yields, highly volatile markets and equity risk. Please read the “Risk Factors” section in the Offering Memorandum for a more detailed description of all the relevant risks.

A power producer domiciled in Canada with managed power facilities across Canada.

FOOTNOTES

Sources:

1. Distribution yields are based on the net asset value per unit divided by a full month distribution rate. The annual distribution rate was changed effective as at the end of July, 2017.

DISCLAIMER

The Portland Advantage Plus – Everest Fund and Portland Advantage Plus – McKinley Fund are not publicly offered. They are only available under prospectus exemptions and other exemptions available to investors who meet certain eligibility or minimum or maximum purchase requirements. Currently these exemptions include the accredited investor exemption and the $150,000 minimum purchase exemption.. You will only be permitted to purchase Units if your purchase qualifies for one of these exemptions. A list of criteria to qualify as an accredited investor is set out in the subscription agreement delivered with the Offering Memorandum and generally includes individuals who have net assets of at least $5,000,000, or financial assets of at least $1,000,000, or personal income of at least $200,000, or combined spousal income of at least $300,000 in the previous two years with reasonable prospects of same in the current year, or an individual registered under the securities legislation of a jurisdiction of Canada as a representative of a registered adviser or dealer.

Information herein pertaining to the Funds solely for the purpose of providing information and is not to be construed as a public offering in any jurisdiction of Canada. The offering of Units of the Funds is made pursuant to an Offering Memorandum and the information contained herein is a summary only and is qualified by the more detailed information in the Offering Memorandum. If there are any discrepancies between this document and the Offering Memorandum, the Offering Memorandum is deemed correct. Commissions, trailing commissions, management fees and expenses all may be associated with investments. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemptions, distributions or optional charges or income taxes payable by any securityholder in respect of a participating fund that would have reduced returns. Funds are not guaranteed, their values change frequently and past performance may not be repeated. The portfolio is expected to generate income from dividends, interest and option writing income , which after deduction of expenses, will be distributed by the Fund to unitholders. Assuming the expected level of income is received, the portfolio would not be required to appreciate. If the level of income is less than the amount necessary to meet the target distribution, the Manager may either pay out a lower distribution or supplement the amount needed through net realized capital gains from the portfolio or may return a portion of the capital of the Fund to unitholders in which case the distribution would not have been fully funded as the net asset value would be reduced. Distributions are reinvested automatically in additional units of the Fund. No commissions are payable upon automatic reinvestment of distributions.

Portland Investment Counsel Inc. has not independently verified all the information and opinions given in this material. Accordingly, no representative or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information and opinions contained in this material. Information presented in this material should be considered for background information only and should not be construed as investment or financial advice. Please consult a Financial Advisor. Every effort has been made to ensure the utmost accuracy of the information provided. Information provided is believed to be reliable when published. All information is subject to modification from time to time without notice. Consent is required for any reproduction, in whole or in part, of this piece and/or of its images and concepts. PORTLAND, PORTLAND INVESTMENT COUNSEL and its logo are registered trademarks of Portland Holdings Inc. Used under licence by Portland Investment Counsel Inc.